What is the connection between religion and ethical systems? Do they have any implications for business?

What will be an ideal response?

Ans: The connection between the two is that the world's ethical systems are the product of religions. A few scholars have concluded that the most important business implications of religion center on the extent to which different religions shape attitudes on work and entrepreneurship. Religious ethics often affect the costs of conducting business. It has been shown that nations with Catholic, Protestant, Muslim, Hindu, and Buddhist majorities all show evidence of entrepreneurial activity and economic growth. It has been concluded that larger religious beliefs stimulate economic growth. On the other hand, there is still many professionals that insist that economic growth is a result of sound economic policy.